Economic Development Organisation v. the Union of India and 6 Ors.
Case brief
What is this about?
The court clarified a previous order directing release of funds with interest. It held that 9% interest applies from the date the amount was sanctioned (28.02.2013) until payment, resolving ambiguity in the earlier order.
What did the court decide?
Clarification granted that interest @ 9% p.a. is payable from 28.02.2013 till actual payment of Rs.2,03,660/-.